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Horizontal Equity: It is the notion that equally situated individuals should be taxed equally. More specifically, persons of equal income should pay identical amounts in taxes. But it is very difficult to apply the concept in practice. Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle. It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics.
Two boats X and Y start towards each other from two places, 155 km apart. Speed of the boat X and Y in still water are 14 km/hr and 17 km/hr respectivel...
A boat takes 4 hours to travel 48 km downstream and 6 hours to travel 24 km upstream. What is the speed of the boat in still water?
The downstream speed of a boat is 4 km/hr more than its upstream speed and the ratio of the speed of the boat in still water to the speed of the stream ...
A steam train covers a certain distance at the same speed. If the steam train had been faster by 8 kilometers per hour, it would have taken 16 hours les...
The speed of the stream is 14 km/h. Boat ‘A’ covers 130 km distance against the stream in 5 hours and boat ‘B’ covers 100 km distance against th...
The speed of a boat in downstream is 20% more than speed of boat in still water. If the boat travels a distance of 90 km upstream in 15 hours then find...
When travelling downstream, a boat takes 6.25 hours to travel 275 km. If the speed of the stream is (4/11)th of downstream speed of the boat,...
The speed of current is 8 km/h. What will be the respective downstream speed and upstream speed of a boy rowing a boat, if one fifth of the distance cov...
When travelling downstream, a boat takes 6.25 hours to travel 225 km. If the speed of the stream is (1/3)rd of downstream speed of the boat, ...
The speed of a boat in still water is 8 km/hr and speed of current is 4 km/hr. If time taken to cover a certain distance upstream is 12 hours, then how ...